21/12/2016
Overseas black money -- a way out to drag it back homeward.......
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NDA came in power with a promise of getting back overseas black money reserve at the earliest instance....Until now no significant development in this direction, as per media reports....Baba Ramdev talked about the black-money in exhaustive details in many occasions and forums and many campaigners for NDA alias BJP showed big dreams to people...Now it is high time to do something very much substantial, as top intelligentsia feels and people in general whispers.....
The way out....
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(1) Let X % ( X may be 50 or below, to be decided by the GOVT. and I prefer 20, to make things looking very lucrative) of the individual reserve be paid to Govt. as tax...
(2) No punishment to be given to anybody...
(3) No flashing of Names of the depositors.
(4) [(100-X)/2] % money should be compulsorily used in privately owned infrastructure development that will generate huge employment opportunities.
(5) 5% money must be used for social work..(CSR : Corporate Social Responsibility - it may have many different beneficial impacts to specifically the poor and oppressed mass and to recover the degenerated state of the nature).
(6) Rest of the money should be piled up (by forming a society , may be or with an individualistic effort) as Venture Capital to promote new businesses at the hand of our talented youths who are finding it hard to start up mainly because of lack of funds...Indian Youth today is very much impulsive and progressive minded..Just help them and build India...If none responds to Modi's call of "Make in India", let our Youth make it in India, may be taking help of many of our overseas Indian Experts....Let us open all wings for tie-ups and sharing of thoughts and technical know-hows....
(7) Let the Govt. make use of the X % in Govt owned sectors / Infrastructures of all kinds...Let the tax structures become very much acceptable to all sections of people..Then, automatically India will slowly but steadily become clean in all aspects from within...If you have economic freedom and solvency, certainly you will not so carelessly invite corrupt practices to make you much more wealthier (Exceptions may be there, but in general this will work..).
If my educated friends like my suggestions, and if they wish to fine tune or add more ideas, they are welcome to do so..But, if they like, I request them to share and spread it to all corners of this nation and amidst our overseas counterparts......
Thanks and regards,
Prof. Amiya Kumar Sarkar....
(EX-CDAC, EX-IIT, EX-IIEST, EX-Belur RKMV...)
21st Dec., 2016....